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They are trying to stop our revenue sharing deal
Posted on 5/4/10 at 9:29 pm
Posted on 5/4/10 at 9:29 pm
For those that may miss it buried in another thread I thought this deserved its own thread. Especially in light of the recent spill activity.
Below the link is some excerpts from the article...
Offshore-drilling revenue sharing faces Senate challenge
Three influential Democratic senators are threatening a major fight if, as expected, a Senate climate bill includes revenue sharing for states that allow new offshore drilling.
A spokesman for Sen. Jeff Bingaman, D-N.M., said that a letter circulated by the three senators isn't intended to block implementation of a 2006 energy bill co-authored by Sen. Mary Landrieu, which beginning in 2017 will bring Louisiana 37.5 percent of royalty payments from new drilling off the state's coastline.
But the letter argues, according to Bingaman spokesman Bill Wicker, that a debt-ridden federal government shouldn't allow any new revenue-sharing schemes, or for that matter, proposals by some Louisiana lawmakers, to speed up starting date for the sharing of off-shore royalties.
Landrieu said the revenue-sharing critics would continue an "inequity" under which states that allow drilling on their land get 50 percent royalties from the federal government, while most states that allow drilling off their coasts get little if anything in return.
"Despite this inequity, these three senators are still endorsing the status quo -- a system where only coastal states have to shoulder the responsibilities of energy production without reaping the rewards," Landrieu said.
Sen. David Vitter, R-La., also criticized the three Democratic senators.
"This line of thinking explains why Senate Democrats fought to shoot down my amendment that would have expedited grants for storm protection and coastal restoration from Louisiana's fair share of the revenue from the oil leases off its shores," Vitter said. "Their line of logic is telling -- taking money away from those states that carry the burden of our nation's energy production, like Louisiana, to backfill the national treasury to pay for more of their reckless spending agenda."
Below the link is some excerpts from the article...
Offshore-drilling revenue sharing faces Senate challenge
Three influential Democratic senators are threatening a major fight if, as expected, a Senate climate bill includes revenue sharing for states that allow new offshore drilling.
A spokesman for Sen. Jeff Bingaman, D-N.M., said that a letter circulated by the three senators isn't intended to block implementation of a 2006 energy bill co-authored by Sen. Mary Landrieu, which beginning in 2017 will bring Louisiana 37.5 percent of royalty payments from new drilling off the state's coastline.
But the letter argues, according to Bingaman spokesman Bill Wicker, that a debt-ridden federal government shouldn't allow any new revenue-sharing schemes, or for that matter, proposals by some Louisiana lawmakers, to speed up starting date for the sharing of off-shore royalties.
Landrieu said the revenue-sharing critics would continue an "inequity" under which states that allow drilling on their land get 50 percent royalties from the federal government, while most states that allow drilling off their coasts get little if anything in return.
"Despite this inequity, these three senators are still endorsing the status quo -- a system where only coastal states have to shoulder the responsibilities of energy production without reaping the rewards," Landrieu said.
Sen. David Vitter, R-La., also criticized the three Democratic senators.
"This line of thinking explains why Senate Democrats fought to shoot down my amendment that would have expedited grants for storm protection and coastal restoration from Louisiana's fair share of the revenue from the oil leases off its shores," Vitter said. "Their line of logic is telling -- taking money away from those states that carry the burden of our nation's energy production, like Louisiana, to backfill the national treasury to pay for more of their reckless spending agenda."
4
Posted on 5/4/10 at 9:50 pm to tgrgrd00
Congress just took away the lube 
Posted on 5/4/10 at 9:52 pm to tgrgrd00
Scumsuckers.
Posted on 5/4/10 at 9:55 pm to tgrgrd00
quote:
Their line of logic is telling -- taking money away from those states that carry the burden of our nation's energy production, like Louisiana, to backfill the national treasury to pay for more of their reckless spending agenda."
BOOM
i think states that dont allow it shouldnt get any money... period.
Posted on 5/5/10 at 6:41 am to tgrgrd00
Louisiana doesn't need more welfare, it needs to change its personality and way of thinking.
Posted on 5/5/10 at 7:31 am to Oizers
quote:
Louisiana doesn't need more welfare, it needs to change its personality and way of thinking.
Welfare? You are just trying to get a rise out of me aren't you?
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